French firms de­liver con­tracts worth Dhs17b

Al Tayer opens emi­rati-french busi­ness Sum­mit in Dubai

The Gulf Today - Business - - 2uae - By our busi­ness bu­reau

Dubai: Cur­rently, there are 19 French com­pa­nies qual­i­fied by the RTA, and French firms have de­liv­ered con­tracts worth more than Dhs17 bil­lion. Among the key projects un­der­taken by French com­pa­nies is Dubai Tram. Spear­headed by the French Firm Al­stom, Ex­polink Con­sor­tium is un­der­tak­ing Route 2020 Project for ex­tend­ing the Red Line of Dubai Metro to the site of World Expo.

Mat­tar Al Tayer, Di­rec­tor-gen­eral and Chair­man of the Board of Ex­ec­u­tive Di­rec­tors of the Roads and Trans­port Au­thor­ity (RTA), has opened the Emi­rati-france Busi­ness Sum­mit held by the RTA in col­lab­o­ra­tion with the French Busi­ness Coun­cil. The event, which has at­tracted the par­tic­i­pa­tion of 63 Emi­rati and French en­ti­ties, aims to boost the PPP, nur­ture an in­vest­ment cli­mate con­ducive to the de­vel­op­ment of com­mer­cial co­op­er­a­tion be­tween the RTA and the French busi­ness com­mu­nity in the UAE, be­sides bol­ster­ing the bi­lat­eral busi­ness re­la­tion­ships.

At­ten­dees of the open­ing cer­e­mony, which was held in RTA premises, in­cluded Dr Aisha bint Butti Bin Bishr – Di­rec­tor Gen­eral of the Smart Dubai Of­fice, Lu­dovic Pouille — France Am­bas­sador to the UAE, Alain Gal­liano — Vi­cepres­i­dent of the Metropole de Lyon, HE Ma­jdi Abed - Con­sul Gen­eral of France, Her Ex­cel­lency Lau­rence Bat­tle — Chair­woman of the Ex­ec­u­tive Board of RATP Dev, and HE Bruno de Reneville — Pres­i­dent of the French Busi­ness Coun­cil. About 200 CEOS and busi­ness lead­ers in pub­lic and pri­vate en­ti­ties in both Dubai and France also at­tended the sum­mit.

In an open­ing speech de­liv­ered at the sum­mit, Al Tayer said, “The Dubai Gov­ern­ment is keen to foster an in­vest­ment cli­mate to at­tract the pri­vate sec­tor to take part in de­vel­op­ment projects and in­ject more in­vest­ment in a va­ri­ety of fields; which will serve the eco­nomic and so­cial de­vel­op­ment in the Emi­rate. For this pur­pose, Law No (22/2015) was is­sued to reg­u­late the part­ner­ship be­tween pub­lic and pri­vate sec­tors in Dubai. The RTA is al­ways keen to boost the Pub­lic-pri­vate Part­ner­ship (PPP) and nur­ture an ap­pro­pri­ate in­vest­ment cli­mate to en­cour­age the pri­vate sec­tor to en­gage in the projects to be re­leased by the RTA in fu­ture.

The RTA has charted out a com­pre­hen­sive PPP pol­icy and rolled out a process for re­view­ing and un­der­tak­ing such projects and set­ting job scopes to serve as a ref­er­ence in pre­par­ing and im­ple­ment­ing PPP projects. The RTA has es­tab­lished ex­cel­lent re­la­tion­ships with the French busi­ness com­mu­nity.

“The RTA has a solid back­ground in deal­ing and part­ner­ing with the pri­vate sec­tor in var­i­ous projects re­lat­ing to the in­fra­struc­ture of roads and tran­sit sys­tems. The projects the RTA is poised to re­lease in its Strate­gic Plan 2017 – 2021 will of­fer nu­mer­ous chances for co­op­er­at­ing with the pri­vate sec­tor.

Lu­dovic Pouille - France Am­bas­sador to the UAE com­mended the su­perb re­la­tion­ships and the ex­ist­ing co­op­er­a­tion be­tween the UAE and France in var­i­ous fields. “The Emi­rati-france Busi­ness En­gage­ment Sum­mit con­trib­utes to en­hanc­ing the com­mu­ni­ca­tion and ex­change of prac­tices in cur­rent and fu­ture projects. Dubai re­mains a priv­i­leged des­ti­na­tion for our com­pa­nies wish­ing to reach a wide range of in­ter­na­tional mar­kets, due to a com­mon vi­sion and open­ness to sus­tain­able de­vel­op­ment, in­no­va­tion and cre­ative fi­nance schemes,” he said.

Lu­dovic pouille ad­dresses the event in Dubai.

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